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VELTRA Corporation, The Current Fiscal Year Net Income Revised Downward to a Loss

Thu Nov 14, 2024 3:30 pm JST Earnings

7048 VELTRA Corporation 【J-GAAP】

Earnings Report

VELTRA Corporation <7048> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The consolidated net loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to a loss of 319 million yen (compared to a loss of 172 million yen in the same period last year).

In addition, the full-year consolidated net income/loss has been revised downward from an expected profit of 264 million yen to a loss of 450 million yen (compared to a loss of 57 million yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income/loss for the July to December period (second half) has been revised downward from an expected profit of 535 million yen to a loss of 179 million yen (compared to a profit of 197 million yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from July to September (3Q), the consolidated net income/loss turned to a loss of 48 million yen (compared to a profit of 82 million yen in the same period last year). The operating profit/loss margin drastically worsened from 11.1% in the same period last year to -3.2%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 771 -626 -581 -629 -18.3 ー Nov 11, 2022 J-GAAP
Jan - Sep, 2023 2,228 -84 -133 -172 -4.8 ー Nov 14, 2023 J-GAAP
Jan - Sep, 2024 3,201 -242 -334 -319 -8.8 ー Nov 14, 2024 J-GAAP
YoY +43.7% -188.1% -151.1% -85.5% -81.2%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Prev 3,653 547 625 535 14.6 0 Aug 14, 2024 J-GAAP
Jul - Dec, 2024 New 2,385 -121 -133 -179 -4.9 0 Nov 14, 2024 J-GAAP
Revision Rate -34.7% － － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 5,468 350 340 264 7.2 0 Feb 14, 2024 J-GAAP
Dec, 2024 New 4,200 -318 -418 -450 -12.3 0 Nov 14, 2024 J-GAAP
Revision Rate -23.2% － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 1,966 136 121 197 5.6 0 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 2,385 -121 -133 -179 -4.9 0 Nov 14, 2024 J-GAAP
YoY +21.3% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 1,163 -794 -753 -794 -22.9 0 Feb 14, 2023 J-GAAP
Dec, 2023 3,123 -67 -112 -57 -1.6 0 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 4,200 -318 -418 -450 -12.3 0 Nov 14, 2024 J-GAAP
YoY +34.5% -374.6% -273.2% -689.5% -659.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,071 119 100 82 2.3 11.1 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 895 17 21 115 3.3 1.9 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 980 27 -10 -14 -0.4 2.8 May 14, 2024 J-GAAP
Apr - Jun, 2024 835 -224 -275 -257 -7.1 -26.8 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 1,386 -45 -49 -48 -1.3 -3.2 Nov 14, 2024 J-GAAP
YoY +29.4% － － － －

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